Building on the success of the event’s first edition inaugurated by India’s Finance Minister, Arun Jaitley, last year – Consulate General of India in association with UMS Conferences, have announced the date of the second edition of the UAE India Economic Forum (UIEF).
Supported by the UAE’s Ministry of Economy and hosted by the Consulate General of India, Dubai, the forum will take place on 19-20 October, 2016 at Madinat Jumeirah, Dubai – providing a vital platform for business leaders and government authorities to discuss key opportunities for diversifying and deepening the economic partnership between the two countries.
According to a recent report on economic and trade relations between the UAE and India, India is considered to be the UAE’s primary trade partner, accounting for about 9.8 per cent of its total non-oil trade. Bilateral trade between the UAE and India has grown significantly from $180 million in the 1970s to around $60 billion per annum now, and is predicted to reach $100 billion by 2020.
Aimed at addressing the policy framework and guidelines needed to attract investors, sovereign wealth funds, large corporates and industries, the forum will include an investors roundtable, government panel on bilateral trade and a start-up zone, in addition to the ‘Qadat Al Tagheer Awards 2016’, which are aimed at recognizing the efforts of business leaders from various fields, who are helping boost the economic ties between the two countries.
Jamal Al Jarwan, Secretary General of UAE International Investors Council (UAEIIC), said: “Economic ties between the UAE and India go back hundreds of years and we are proud of the two countries’ sustained efforts to strengthen this relationship further. As an initiative founded on the success of the two countries continued commitment to boost mutual bilateral ties, the UAE India Economic Forum provides UAEIIC members with a constructive platform to discuss challenges and opportunities concerning their investments in India.”
Ravi Raman, member of the organizing committee of UIEF, said: “We are enthused and encouraged by the tremendous support that the second edition of the forum is receiving. The UAE and India are stepping into the future with a renewed strategy for mutual business growth and we are looking forward to contributing to this partnership with an even bigger and impactful event with a range of speaker sessions, panel discussions and participation of government entities and well-entrenched business houses.”
The event is hosted by the Consulate General of India in Dubai, with strategic support from Ministry of Economy- UAE, the UAE International Investors Council (UAEIIC), the Federation of UAE Chambers of Commerce and Industry and Invest India; Sharjah Investment and Development Authority (Shurooq) as the Platinum Sponsor and Dana Group and BSE Ltd. as the Associate Sponsors.
The past edition of the event saw tremendous support from both the countries, bringing major investors and government leaders from both the countries under one platform. The 2015 event witnessed the presence of more than three hundred delegates from the C suite as well as Ministry and Government Officials in addition to business owners from UAE and India.
The Media Partners for the 2016 forum include Bloomberg Businessweek Middle East, Motivate Publishing – Gulf Business and The Week, Gulf News and Entrepreneur Middle East.